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Reply To: 2009 Gambling Wages Year End Scam Review

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#807030
Anonymous
Inactive

A few things pop into my mind when I look at those summary stats :

1) A high total deposit amount per player.
It appears that there has been $772K / 198 players which is $3902 per player. That some quality affiliate work – and you’d expect a reasonable payout.

2) The credits and manager credits seem very high.
Bearing in mind that Cool Cat casino only has a 100% deposit bonus then surely we should expect to see the $772K in deposits earns $772K in credits.

Instead we see that there is $1879K in “coupon credits” (automatic?) and a further $1452K in manager credits which no-one ever seems to know what they are for.

That’s a total of $3332K (or $3.32 million!!) in credits from $772K in deposits or a whopping 430% in bonuses !!

What on earth is going on there?
Why has so much “funny money” been put into the system?
It appears that only about 18% of the value bet is actual real money!!
The rest is “credits”.



This GamblingWages crowd appear to be applying credits at a vast rate, certainly way above the 100% bonus level, and the use of these credits (which may be simply lying in dormant player accounts) has the effect of dramatically reducing the “net win” and therefore the payout to the affiliate.

Warren – Good on you for taking it to the Gambling Wages CEO … because this accounting appears extremely dubious …
:hattip:

and RabbitHunter – I hope that you will agree to let the resolution be published
:hattip:

I’ve certainly been put off GamblingWages as a result of those numbers – and will be looking out for a satisfactory resolution …